• Return to Headlines

Lockheed Martin Rises 1.41% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Lockheed Martin (NYSE:LMT) traded in a range yesterday that spanned from a low of $326.59 to a high of $331.86. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $329.18 on volume of 517,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Lockheed Martin share prices have moved between a 52-week high of $363.00 and a 52-week low of $291.52 and are now trading 13% above that low price at $329.78 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Lockheed Martin on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $311.64. Since that recommendation, shares of Lockheed Martin have risen 4.4%. We continue to monitor LMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Lockheed Martin

Ticker(s): LMT